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Facebook hits $1 trillion valuation for first time
Social media giant, Facebook, has hit a $1 trillion valuation, following a dismissal of two antitrust lawsuits against the company. Facebook’s stock closed higher on Monday at $355.64 per share which contributed to the trillion-dollar valuation, Business Insider reported. The rise came after a United States court dismissed complaints by the Federal Trade Commission and a group of state attorneys generals against the social networking company. The FTC has claimed that Facebook is exercising monopoly as the social media giant controls over 60% of the social-networking market. In the ruling of the case, US District Judge James Boasberg in Washington dismissed the claim, as he explained that there was no proof to support their claim. In a separate case, 46 state attorneys general formed a coal...
U.S. blocks websites linked to Iranian disinformation
The U.S. Justice Department on Tuesday blocked some three dozen websites, many of them associated with Iranian disinformation activities, a U.S. government source said, adding an official announcement was expected. The source in Washington spoke after notices appeared earlier on Tuesday on a number of Iran-affiliated websites saying they had been seized by the United States government as part of law enforcement action. Iranian news agencies said that the U.S. government had seized several Iranian media websites and sites belonging to groups affiliated with Iran such as Yemen’s Houthi movement. Some sites later started to display as normal. The website of the Arabic-language Masirah TV, which is run by the Houthis, read: “The domain almasirah.net has been seized by the United States Governm...
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
Naira slides again at official market
Naira for the second day in a row fell against the U.S. dollar at the official market Wednesday, but managed a rebound at the parallel market, a day after hitting its lowest black-market rate in at least four years. Data on the FMDQ Security Exchange where forex is officially traded showed that the naira closed at N412.00 per $1 at the Nafex window. The local currency performance on Wednesday represents a N0.25 or 0.06 per cent decrease from N411.75 the rate it traded in the previous session on Tuesday. The trading session on Wednesday witnessed a forex turnover of $131.86 million, this translates to a 23.44 per cent depreciation from $172.24 million posted in the previous session on Tuesday. The domestic currency experienced an intraday low of N420.97 and a high of N400.00 before closing ...
US prioritises students’ visas
US Embassy in South Africa The U.S. Mission Country Consular Coordinator, Susan Tuller, has said the Mission in Nigeria will continue to prioritise student visa appointments throughout the summer months. Tuller disclosed this during the celebration of the U.S. Consulate’s “Student Visa Day.” According to her, there are over 13,000 Nigerian students and soon a few more may join them in studying in the U.S. She added that the Mission has interviewed over 2,500 student applicants since this year. Tuller noted that student visa numbers have gone down worldwide due to the global COVID-19 pandemic. According to her, student numbers from Nigeria were up to 2.5 per cent for the 2019/2020 school year, adding that in the eighth year in a row, the percentage has increased. Tuller encouraged students ...
Antonio Conte leaves Inter Milan
Title winning Antonio Conte has parted ways with Inter Milan amidst rumors he’s set for a return to the Premier League. Conte who guided Inter to the Scudetto for the first time since 2010 has been embroiled in a dispute with the club’s owners following their decision to cut down the size of the squad. A statement on the club’s website reads, “Internazionale Milano can confirm that an agreement has been reached with Antonio Conte for the termination of his contract by mutual consent. The Club would like to thank Antonio for the extraordinary work that he has done, culminating in Inter’s 19th top-flight title. Antonio Conte will forever remain a part of our Club’s history.” There are, however, rumours that the former Chelsea boss is set for a return to England to manage Tottenham Hotspurs. ...
Lagos registers over 400 money lenders, vaccinates 2,500 intending pilgrims
Lagos State Government has disclosed that it has registered over 400 money lenders in the last two years, just as it noted that it has also vaccinated over 2,500 intending pilgrims for the next hajj. Making this disclosure at a ministerial press briefing to commemorate the second year in office of the state Governor, Babajide Sanwo-Olu, at the Press Centre in Ikeja yesterday, the state Commissioner for Home Affairs, Prince Anofiu Elegushi, stated that the ministry is in partnership with the Money lending sector in a way that most of such organisations are mandated to register with the ministry for the coordination of their activities. According to him, “In return, the ministry has registered, profiled and monitored the viability of such companies to ensure that while the money lenders are ...
NCC: Subscribers not required to submit IMEI number
Fix Africa News Magazine Following the backlash from angry phone users over reports that they will be mandated to submit their International Mobile Equipment Identity (IMEI) of their phones to the Nigerian Communications Commission (NCC), the latter has described the news as false. NCC’s Director of Public Affairs, Ikechukwu Adinde, in a statement stated that at no time did the Commission issue a statement regarding the registration of IMEI by subscribers, adding that it has no plans to do so. “The reports in question have emanated from a section of the Revised National Identity Policy for SIM Card Registration recently launched by President Muhammadu Buhari and which has been uploaded on the Commission’s website,” the statement read. “It is pertinent to state that the Commission is in the...
Ex-US envoy: British museum holds over 700 pieces of Benin bronzes
The British Museum, the world’s first national public museum, currently holds 700 pieces of the Benin Bronzes collection, more than any other museum and other institutions globally, a former United States Ambassador to Nigeria, Dr. John Campbell has said. Campbell, however, acknowledged that the authorities of the British Museum had agreed “to return the Benin Bronzes collection once the Edo Museum of West African Art, currently under construction in Benin City is completed.” He gave this figure in a blog post titled “Germany to Return Some African Art to Nigeria” published on the website of Council for Foreign Relations (CFR), a US non-profit think-tank specialising in international affairs on Wednesday. More than a century after British soldiers looted a collection of priceless artifacts...
Neymar: I am happy and proud to remain at PSG
Neymar has signed a contract extension with Paris St-Germain, keeping Brazil forward at the French giants until 30 June 2025. The 29-year-old said “happiness” was the main factor in signing a new deal. Neymar, who joined PSG in a world-record £200m deal in 2017, had been linked with a move away, including a return to Barcelona. “I have grown as a person here, as a human being and as a player, too,” he told the PSG website. Neymar was in the final year of his contract, having signed a five-year deal on his initial arrival. He has scored 85 goals and registered 51 assists in 112 games for PSG. However, he has had a difficult relationship with the club’s fans at times and was booed after expressing a desire to move back to Barcelona in 2019. Neymar said he had undergone a “very positive evolu...
Ex-President Obasanjo: Investment in agric will curb youth restiveness
Former president Olusegun Obasanjo, has advised the Federal Government to invest sufficiently in agriculture as a strategy to curb youth restiveness in the country. Obasanjo, who spoke yesterday in Abuja, at the flagged off of new tractors to boost farm mechanization in the country, said agriculture stands in good stead in boosting the country’s earnings. Represented by the Emir of Keffi, Alhaji Shehu Chindu Yamusa, he said: “investment in Agriculture is key to sustainable economic growth and development. Agriculture is the only way to engage the youth and make them productive.” He hailed the All Farmers Progressive Association for the laudable project of contributing significantly to alleviate the sufferings of Nigerians through sustainable modern agro technology. Meanwhile, President of ...
Naira stable at parallel, official market
Nigeria’s naira remained stable against the U.S. dollar at the unofficial market on Friday, data posted on abokiFX .com, a website that collates parallel market rates in Lagos showed. The data posted showed that the naira closed at N485.00 at the black market, the same rate it exchanged hands with the greenback in the previous session on Thursday. Similarly, the local unit remained stable at the official market. Data posted on the FMDQ Security Exchange window where forex is officially traded showed that the domestic unit again closed at N410.00 at the trading session of the NAFEX window on Friday. Friday’s performance came to be as forex supply slumped significantly. The naira experienced an intraday high of N394.00 and a low of N436.40 before closing at N410.00 on Friday, the same rate i...
